The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1887-04-09
BUSINESS BAROMETER.
INTER STATE COMMERCE. BILL.
Causes Disturbance Of Trado-EIemptions
OK Southern Roads = Speculation In
Lands In tho south-The nottom to
Drop Out Soon-sioney Market.

NSw ioRK, April s.-R. G. Dun 4 Co.
IN their weekly review Of trade, say: The
Interstate Commerce act causes quite ap
much disturbance as was anticipated
Shipments, In the aggregate enormous for
distribution beyond Chicago. have to be
re.billed there. Merchants and msnufac.
turers findrates raised from so to 90 per
cent On many distant shipments. Pacific
linescomplain that trans.c continental traffic
Is rendered impossible, unless they aro
exempted; the association Of twenty.seyen
southern roads and lines has already OBJ.
tanned temporary exemption, because Of
consequent interruption OF traffic. North.
ern lines, competing with lake transport.
ers, claim equal needs, and interior roads
cite large shipments Of Hour down ths
Misalssippi because through rail rates are
raised. 'o
Coal rates increase the cost Of fuel 81
per ton about Philadelphia; changes In
IRON ireights disturb the trade, and NAV
close some furnaces. These are but few
OF the difficulties which the Commission
ID expected to examine, and In some wav
70 remedy, but the Qrestion 10 how far Is
1t able. 80
General hu7tueas is fairly sctiye, though
dullness is the complaint at some points.
me output OF iron for the first quarter OF
1881 is reckoned at l,66S, ,0iG tons, which
ID at the rate of 1876 per cent over last
years production. Yet the present de.
mand Ia slack. New Orleans finds Freight
handling embarrassed by labor dissen-
eions, and trade is dull there, at Mobile
anu Montgomery, active at Birmingham,
improving at Louisville except in distill.
Ing and quiet and hopeful at Milwaukee,
since the defeat OF the labor ticket.
Money is in moderately good supplv
though growing scarce at Cleveland, and
needed at Milwaukee on account OF SLOW
collections. From most points collections
are reported reasonably prompt.
REAL ESTATE SPECULATION.
There is growing real estate specula.
ton, and especially at Cincinnati and
Louisville, and at other western cities
and new manufacturing centres at the
South. Not a few prudent men doubt
whether there is not al undue expansion
OF credits, resulting from speculative
activity, aud caution in that direction ia
certainly warranted.
In the greater markets speculation ia
spasmodic. Wheat has advanced cent.
Corn and oats changed little; hogs and
lard are lower; oil had spasm OF activity
:or two days, but closes less than cent
higher than last week tin RECEIVERS little
alter decline and copper, iron, sugar and
wool are unchanged. Coffee has risen
one-lourth cent and cotton sixteenth,
STOCKS declined sharply when Wall
street realized that the long expected dis.
tnrbances, in consequence OF the Inter.
state act, had actually commenced, and
then recovered little on suspension of
the act by the Commission in favor OF tho
Southern roads.
srRISGESci IN THE MONEY MARKET.
Flurries Of gtripgency in the money
market have continued, but the Treasury
has poured out A 100000 in gold during
the week, 100000 silver and 81 500 OOo
legal tenders in excess OF it's receipts. Tina
rapid imitation Of currency prevents press.
ure, but contributes to the expansion of
credits already noticed. Foreign ar.
changes have been undiaturbed and M
lear Of exports Of specie ia felt. Exporh
oi produce continue satisfactory and the
enormous revenues OF the government ior
March which weregreater than Tor any 9th.
efmohth 10 many years, isevidence ofbusi.
ness sctlvIty, though it shows how con-
siderable the contraction OF currency
must be after July Let uuless the Treasury
conseuts to pay high promiun for bonds
not due.
The business failures during the last
seven days number for the United States
l9o, Canada 25, total 220, against 223 last
week, and 2l5 the corresponding week Of
last year. Failures in ali sections OF the
country are about up to the average, ex-
cept in New York City, where The assign.
ments number only six, which were unim-
portRnt,